Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

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Residential For Sale

225 Maple Drive, Cape George, NS B0E 3B0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

42Picture(s)

1,846Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$550000

Residential For Sale

225 Maple Drive, Cape George, NS B0E 3B0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

1,846Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

AMAZING VIEW & WATER FRONTAGE. Welcome to 225 Maple Drive in Cape George. This one of a kind property is located on the prestigious Bras'dor Lakes. Imagine coming home to this 4 bedroom, 4 bathroom (3 of them being ensuites) property and relaxing watching the water and wildlife.

C$550000

Residential For Sale

225 Maple Drive, Cape George, NS B0E 3B0

Listing courtesy of Coldwell Banker Boardwalk Realty

4Bedroom(s)

4Bathroom(s)

C$550000

Residential For Sale

404-99 Waterfront Drive, Bedford, NS B4A 4K5

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,524Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

C$675000

Residential For Sale

404-99 Waterfront Drive, Bedford, NS B4A 4K5

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,524Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

Welcome to 99 Waterfront Drive, Unit 404—an exceptional 2-bedroom plus den, 2 full bath condo offering unobstructed panoramic views of the Bedford Basin. This bright and spacious 1,500 sq ft unit features hardwood flooring, granite countertops, in-unit laundry, and excellent storage. The open-concept layout maximizes sunlight and water views from all principal rooms.

C$675000

Residential For Sale

404-99 Waterfront Drive, Bedford, NS B4A 4K5

Listing courtesy of Assist-2-Sell Homeworks Realty

2Bedroom(s)

2Bathroom(s)

C$675000

Residential For Sale

16 Bison Drive, Sydney, NS B1N 1P4

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

44Picture(s)

2,000Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$369000

Residential For Sale

16 Bison Drive, Sydney, NS B1N 1P4

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,000Sqft

Listing courtesy of EXP Realty of Canada Inc.

Beautiful Modern Bungalow with Pool, Detached Garage & Finished Basement Welcome to this modern, well-maintained bungalow offering exceptional comfort, style, and functionality. From the moment you arrive, the paved driveway and beautifully kept surroundings set the tone for this impressive property—nestled in a friendly neighborhood known for its excellent neighbors.

C$369000

Residential For Sale

16 Bison Drive, Sydney, NS B1N 1P4

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$369000

Residential For Sale

1207-1445 South Park Street, Halifax, NS B3J 0B6

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

47Picture(s)

1,380Sqft

Listing courtesy of Easy List Realty Ltd.

C$825000

Residential For Sale

1207-1445 South Park Street, Halifax, NS B3J 0B6

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,380Sqft

Listing courtesy of Easy List Realty Ltd.

For more information, please click the "More Information" button. Welcome to Suite 1207 at The Trillium! This well-managed building is both a worthy investment for either your portfolio, your home, or both. Enjoy a view of the water from your bed where you can see cruise ships, sailboats, and gulls soar, as well as a view of Southeastern Halifax and McNabs Island.

C$825000

Residential For Sale

1207-1445 South Park Street, Halifax, NS B3J 0B6

Listing courtesy of Easy List Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$825000

Residential For Sale

702-1465 Brenton Street, Halifax, NS B3J 3T3

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,327Sqft

Listing courtesy of Royal LePage Atlantic

C$648800

Residential For Sale

702-1465 Brenton Street, Halifax, NS B3J 3T3

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,327Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to Unit 702 at the prestigious CharterHouse, a spacious 2-bedroom, 2-bath condo apartment perfectly positioned in vibrant downtown Halifax. Nestled within the popular Spring Garden Place, this unit offers unmatched access to hospitals, universities, the historic waterfront, the Public Gardens, and the culinary delights of Pete’s Frootique.

C$648800

Residential For Sale

702-1465 Brenton Street, Halifax, NS B3J 3T3

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$648800

Residential For Sale

24 Third Street, Hammonds Plains, NS B4B 1P9

More Details

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

17Picture(s)

1,152Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$305000

Residential For Sale

24 Third Street, Hammonds Plains, NS B4B 1P9

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,152Sqft

Listing courtesy of EXP Realty of Canada Inc.

Located in the desirable Timber Trails community, this well-cared-for 3-bedroom, 2-bath mini home offers inviting, efficient one-level living. The kitchen features raised oak cabinetry with a built-in dishwasher and stove, and opens to a bright living room accented by triple windows and cathedral ceilings.

C$305000

Residential For Sale

24 Third Street, Hammonds Plains, NS B4B 1P9

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$305000

Residential For Sale

54 Craig Drive, Dutch Settlement, NS B2S 2E5

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

32Picture(s)

4,000Sqft

Listing courtesy of HonestDoor Inc

C$1149000

Residential For Sale

54 Craig Drive, Dutch Settlement, NS B2S 2E5

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,000Sqft

Listing courtesy of HonestDoor Inc

Click brochure link for more details** Incredible 15+ Acre Family Estate. This remarkable property offers over 4,000 sq. ft. of living space across two levels, combining comfort, privacy, and convenience. Main Level: Enjoy a spacious primary bedroom, an open-concept living room with cathedral ceilings and a wood-burning fireplace, and an expansive kitchen and dining area designed for gatherings.

C$1149000

Residential For Sale

54 Craig Drive, Dutch Settlement, NS B2S 2E5

Listing courtesy of HonestDoor Inc

3Bedroom(s)

4Bathroom(s)

C$1149000

Residential For Sale

1589 King Street, Windsor, NS B0N 2T0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,305Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

C$789000

Residential For Sale

1589 King Street, Windsor, NS B0N 2T0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,305Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

Looking for a property that offers a fine residence plus rental income opportunity? Here it is! This three bedroom bungalow with fully developed basement offers three bedrooms on the main floor and a guest room with three piece bath for family visitor or maybe a business office or den! The bedrooms are tucked away for privacy and the kitchen is open and nicely painted.

C$789000

Residential For Sale

1589 King Street, Windsor, NS B0N 2T0

Listing courtesy of RE/MAX NOVA (Windsor)

4Bedroom(s)

3Bathroom(s)

C$789000

Residential For Sale

130 Everlina Lane, Windsor Junction, NS B2T 0T3

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3Picture(s)

3,114Sqft

Listing courtesy of Sutton Group Professional Realty

C$1649900

Residential For Sale

130 Everlina Lane, Windsor Junction, NS B2T 0T3

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,114Sqft

Listing courtesy of Sutton Group Professional Realty

This beautiful walkout bungalow is built and designed with comfort and family in mind. Build your home on the largest southwest facing Lakefront lot on the street, also giving you extra privacy at the end of the lane. The main floor offers an open concept living area, 3 bedrooms, 2 full baths, mudroom, laundry room with double car garage. Large rough-in walkout basement to the lake.

C$1649900

Residential For Sale

130 Everlina Lane, Windsor Junction, NS B2T 0T3

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$1649900

Residential For Sale

1202-1650 Granville Street, Halifax, NS B3J 0E1

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

49Picture(s)

1,379Sqft

Listing courtesy of Keller Williams Select Realty

C$1279000

Residential For Sale

1202-1650 Granville Street, Halifax, NS B3J 0E1

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,379Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to The Roy, one of the most coveted addresses in downtown Halifax. Suite 1202 delivers the kind of urban lifestyle people talk about but rarely get to live. Step inside to a brilliant floor plan offering 1379 sq ft.

C$1279000

Residential For Sale

1202-1650 Granville Street, Halifax, NS B3J 0E1

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$1279000

Residential For Sale

185 Aspen Crescent, Lower Sackville, NS B4C 1E2

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

31Picture(s)

1,932Sqft

Listing courtesy of Royal LePage Atlantic

C$435000

Residential For Sale

185 Aspen Crescent, Lower Sackville, NS B4C 1E2

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,932Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 185 Aspen Crescent — a sweet bungalow in the incredible community of Lower Sackville. This home is perfect for first-time buyers or investors. With a bit of love and vision, this thoughtfully laid-out property has all the makings of a true detached gem.

C$435000

Residential For Sale

185 Aspen Crescent, Lower Sackville, NS B4C 1E2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

1Bathroom(s)

C$435000

Residential For Sale

302-5561 Heatherwood Court, Halifax, NS B3K 3L4

More Details

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

48Picture(s)

1,434Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$424900

Residential For Sale

302-5561 Heatherwood Court, Halifax, NS B3K 3L4

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,434Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Fantastic opportunity to join a well-established, tight-knit condo community where the fee covers electricity, heat, water, covered parking, an on-site super, and excellent amenities. Unit 302 is a spacious, updated 3-bed/2-bath with new flooring throughout the main living areas and bedrooms, plus refreshed bathrooms and modern lighting.

C$424900

Residential For Sale

302-5561 Heatherwood Court, Halifax, NS B3K 3L4

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$424900

3354 Results returned.Per Page

Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or * losing their dream home to another buyer or, * (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

Buying the Wrong Home.

Unclear Title.

Inaccurate Survey.

Undisclosed Fix-ups.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

Hidden Costs.

Rushing the Closing.

One More Tip…

Residential For Sale

225 Maple Drive, Cape George, NS B0E 3B0

Residential For Sale

Residential For Sale

Residential For Sale

404-99 Waterfront Drive, Bedford, NS B4A 4K5

Residential For Sale

Residential For Sale

Residential For Sale

16 Bison Drive, Sydney, NS B1N 1P4

Residential For Sale

Residential For Sale

Residential For Sale

1207-1445 South Park Street, Halifax, NS B3J 0B6

Residential For Sale

Residential For Sale

Residential For Sale

702-1465 Brenton Street, Halifax, NS B3J 3T3

Residential For Sale

Residential For Sale

Residential For Sale

24 Third Street, Hammonds Plains, NS B4B 1P9

Residential For Sale

Residential For Sale

Residential For Sale

54 Craig Drive, Dutch Settlement, NS B2S 2E5

Residential For Sale

Residential For Sale

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.